Elon Musk has decided not to join Twitter’s board of directors, according to the company’s CEO, Parag Agrawal.
Mr Musk’s appointment was set to take effect on Saturday, following his announcement last week that he had purchased a 9.2% stake in the social media platform.
“Elon shared that same morning that he will no longer be joining the board,” Mr Agrawal tweeted.
Tesla CEO Elon Musk is still Twitter’s largest shareholder.
Mr Musk cryptically tweeted a single emoji just over an hour after Mr Agrawal’s announcement. Since then, the tweet has been removed.
Mr Musk proposed changes to Twitter Blue’s premium subscription service over the weekend, including lowering the price, banning advertising, and allowing users to pay in the cryptocurrency dogecoin.
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